How to Buy Lendingclub Stock

Lendingclub Corp

Lendingclub is a credit service company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker LC on the NYSE exchange.

Lendingclub stock last closed at $6.13, down 2.08% from the previous day, and has decreased 46.97% in one year. It has underperformed other stocks in the Credit Services industry by 0.55 percentage points. Lendingclub stock is currently +0.33% from its 52-week low of $6.11, and -50.48% from its 52-week high of $12.38.

There are currently 108.69M shares of LC outstanding. The market cap of LC is $666.29M. In the last 24 hours, 1.35M LC shares were traded.

How to Buy Lendingclub Stock

Not sure how to invest in Lendingclub stock? Here's how.
  1. Choose where to buy Lendingclub stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Lendingclub stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Choose your payment method and add your details.
  4. Analyze Lendingclub stock: The Lendingclub ticker symbol is LC. Is Lendingclub stock a good investment? Should you buy shares of LC? How do LC's underlying business fundamentals look? Do top analysts think Lendingclub is a good buy? Why has LC's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if LC is a good stock to buy).
  5. Execute your LC trade: Decide if you will purchase LC shares at the current market price or use a limit order to purchase LC shares at a specific price.
  6. Track your investment in LC: Create a watchlist to keep track of your position in Lendingclub stock.

Step 1: Choose where to buy Lendingclub stock

You will need an online brokerage account to access the NYSE market and buy LC stock.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal information so you are able to buy LC today.

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Step 3: Deposit money your brokerage account

Now that you have finished signing up on the greatest app to buy stocks, your next step is to transfer the money for your investment:

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Step 4: Analyze Lendingclub stock

After you have decided on the best place to buy Lendingclub stock, it's critical to evaluate their stock prior to buying, so you truly understand the risk and upside.

Overview of key LC info

LC Price
1w %
1y %
5y %
Fore. Rev. Growth
Fore. Earn. Growth
Market Cap
Next Earnings
Oct 24, 2023
Next Dividend

LC Overview

WallStreetZen was created to help average investors perform better fundamental analysis in less time.

You can see all of the due diligence checks on LC's stock page.

What is the fair value of LC stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge LC's fair value.

Using relative valuations metrics:

  • LC could be undervalued based on its P/E ratio of 7.3x, relative to Credit Services industry P/E ratio of 27.09x
  • LC could be undervalued based on its P/B ratio of 0.55x, relative to Credit Services industry P/B ratio of 4.35x
  • LC could be undervalued based on its PEG ratio of 0.25x

You can do additional valuation research on LC's stock here.

LC Financial Summary

Passed Financial Due Diligence Checks:

  • LC earnings of $89.71M is not sufficient to cover its interest payments.
  • LC's operating cash flow of $166.75M allows it to safely service it's debt of $42.51M.

Failed Financial Due Diligence Checks:

  • Total LC debt is higher than 5 years ago, relative to shareholder equity.
  • LC has a relatively high debt to equity ratio of 5.92.
  • LC profit margin has gone down from 24.8% to 8.7% in the past year.

Is LC stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 4 Equities analysts who give recommendations on LC, the consensus analyst rating on LC is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest LC Analyst Forecasts

Reginald Smith, a bottom 17% analyst from JP Morgan maintains LC with a strong buy rating and raises their LC price target from $10.00 to $11.00, on Aug 22, 2023.

David Chiaverini, a bottom 9% analyst from Wedbush reiterates LC with a buy rating and maintains their LC price target from $12.00 to $12.00, on Jul 27, 2023.

John Hecht, a bottom 13% analyst from Jefferies initiates coverage on LC with a strong buy rating and announces their LC price target of $13.50, on Jun 16, 2023.

Michael Perito, a top 15% analyst from Keefe, Bruyette & Woods maintains LC with a hold rating and lowers their LC price target from $12.00 to $10.00, on Apr 6, 2023.

You can dive deeper into what analysts are saying on the Lendingclub stock forecast page.

LC Technicals

MACD Signal
MACD Histogram
Stochastic %K
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StochRSI %K
StochRSI %D

LC Revenue

Last year, LC earnings were $90.57M. During the last one years, LC's earnings have gone up by -69.34% per year. This was slower than the Credit Services industry average of 15.4%.

Last year, LC revenue was $1.05B. During the last five year, LC's revenue has gone up by 10.35% per year. This was faster than the Credit Services industry average of 9.82%.

You can analyze LC's earnings and revenue performance here.

Who is buying/selling LC?

Over the last year, executives and large shareholders at LC have sold more shares than they have bought.

Annie Armstrong, Chief Risk Officer of LC, was the latest LC insider to sell. They sold $149,584.96 worth of LC shares on Aug 25, 2023.

Learn more about who owns LC shares here.

Does LC provide a stable income stream?

No, Lendingclub doesn't provide an income stream by paying out dividends.

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Step 5: Execute your LC trade

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, place a limit order.

Hit the Open Trade button and your broker will execute the order.

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Step 6: Track your investment in LC

Now that you own some LC shares, you'll want to keep up with your stock purchase.

Add LC to a watchlist to get notified of important updates regarding your LC stock.

LC Feed

How to Buy Stock in Lendingclub

To reiterate, here are the 6 steps for buying Lendingclub stock:

  1. Choose where to buy Lendingclub stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Lendingclub stock
  5. Execute your LC trade
  6. Track your investment in LC

If you require a online brokerage, eToro is our recommended option.

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If you want to watch your new investment in Lendingclub, get started below.

$6.13-0.13 (-2.08%)
Updated Sep 22, 2023
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$6.13-0.13 (-2.08%)
Updated Sep 22, 2023
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How much does it cost to buy one Lendingclub share?

As of Sep 22, 2023, it costs $6.13 to buy one share of Lendingclub stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.489 shares of LC.

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Is now a good time to buy Lendingclub stock?

According to 4 Wall Street analysts who monitor Lendingclub, their consensus recommendation is to buy Lendingclub stock.

What is the best way to buy Lendingclub stock?

One way to place an order for Lendingclub stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.